Peter D. Morris of the Greenstead Consulting Group and Dane Eitel of Eitel Insights have joined forces to exclusively produce and market S.M.A.R.T. InsightTM, a new and innovative technical analysis of market pricing in any residential market in the world.
According to both Morris and Eitel the S.M.A.R.T. Insight analysis not only indicates what occurred in the past, but it can be predictive of what the market is likely to do in the future. Both Eitel and Morris believe this future looking aspect is critically important. For example, the detached single-family home price in Vancouver BC is expected to drop by 21% from its high by 2019 according to a recent analysis performed by Eitel. “More importantly it also suggests when the price will recover,” said Eitel.
“This type of forward looking analysis is unique in the real estate industry, which has typically relied on historic year over year averages,” he said as he explained that the method used to analyze the data was first proven in 1902 in another industry.
Morris said the results provide a distinctive insight to the market that is useful to homeowners, Realtors, lenders, developers and many others around the world. “Imagine the competitive advantage if you knew what the market may do in the future rather than what it did in the past,” he said, adding that most people are interested in knowing what will happen in the real estate market so they can plan what they will do. Eitel, who is also a licensed residential Realtor, noted that Realtors can use this information to guide their clients and improve their business. Morris said lenders can use the information to mitigate their lending risks and developers should be most interested in knowing the future of the market due to the time it takes to get a new development to market. “Anyone involved in residential real estate needs this,” Eitel added.
The pricing on these reports provides a great return on your investment. Here are some ways you can use these customized reports:
- Be seen as a thought leader
- Generate new listings
- Create sales momentum
- Improve your brand
- Get more PR
There are many reports that will be made available covering whole markets; sub-markets; and different asset classes, such as single family detached homes, condos, and townhomes. The first report will be out soon and will cover single detached residential homes in Greater Vancouver.